Loop Capital Issues Pessimistic Forecast for Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price lowered by Loop Capital from $45.00 to $35.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

Other research analysts also recently issued research reports about the stock. Piper Sandler dropped their price objective on shares of Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Gordon Haskett reissued a “hold” rating and set a $34.00 price objective (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Truist Financial dropped their price objective on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, April 2nd. Finally, BMO Capital Markets reduced their target price on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and a consensus price target of $33.00.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $17.61 on Tuesday. Dave & Buster’s Entertainment has a 1-year low of $15.08 and a 1-year high of $61.56. The firm has a 50 day simple moving average of $20.77 and a 200-day simple moving average of $28.65. The firm has a market cap of $678.04 million, a PE ratio of 8.72 and a beta of 1.86. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The business’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 EPS. On average, equities analysts expect that Dave & Buster’s Entertainment will post 2.52 EPS for the current year.

Institutional Trading of Dave & Buster’s Entertainment

Several large investors have recently added to or reduced their stakes in the stock. Eminence Capital LP boosted its position in shares of Dave & Buster’s Entertainment by 3.6% in the fourth quarter. Eminence Capital LP now owns 3,845,454 shares of the restaurant operator’s stock worth $112,249,000 after buying an additional 135,095 shares during the period. Patient Capital Management LLC lifted its position in shares of Dave & Buster’s Entertainment by 36.6% during the fourth quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator’s stock worth $51,878,000 after purchasing an additional 476,662 shares in the last quarter. Clearline Capital LP boosted its stake in shares of Dave & Buster’s Entertainment by 1,768.8% in the fourth quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator’s stock valued at $33,458,000 after purchasing an additional 1,084,890 shares during the period. NewEdge Wealth LLC grew its holdings in Dave & Buster’s Entertainment by 13.4% during the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock valued at $21,235,000 after purchasing an additional 85,820 shares in the last quarter. Finally, Boston Partners grew its holdings in Dave & Buster’s Entertainment by 132.5% during the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator’s stock valued at $16,563,000 after purchasing an additional 323,595 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.